Shelby County’s property owners are set for an unscheduled tax rate cut after the state comptroller’s office overshot on appeal revenue applied to last year’s appraisals.
Shelby County Assessor of Property Javier Bailey informed the Board of Commissioners of the potential windfall from the $17.5 million “cushion” during the Wednesday, Feb. 18, Budget and Finance Committee meeting.
The current rate of $2.69 is expected to drop between “three and four pennies” in 2027. State law requires property tax revenue to remain revenue-neutral following reappraisals. Tax rates are set every four years after appraisals. The most recent was in 2025…